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Re: Tax cuts are free

Of course they are not "free".
If our taxes, right now, are fair and equitable, and nothing is done to change anything, then this non-action is free.
Where I disagree with the conservatives is the concept of using tax cuts to stimulate our economy. This may work in the short term, but not in the long term.
What we should do are the things necessary for full employment.

Re: Tax cuts are free

Fair enough. I'm sure we could find some particular tax cut that effectively over a reasonable period of time was free. But that isn't income tax rates at reasonable levels.

for example if you were to slash income taxes from 35% to 15%, it is unlikely that within the next two years income in the US would rise by an order enough to make up the difference; but if you were to offer a one-year capital gains tax cut of (say) from 20 to 15%, then it is possible that enough people would seek to make good on that cut by realizing their gains that you would see an increase in total revenues.

Maybe. The problem with that argument is that people would likely front load all of their gain taking into one year at low rates rather then spread out regular gain taking. It's hard to say that it would actually increase revenues. Say if people took $50 billion in gains in the 15% rather then take $50 billion over time at 20%, that's less. Much depends on the market at the time rather then the tax rate.

Re: Tax cuts are free

lol. Nice going there turtledude. Logging out of the system and voting repetitively as a guest. Actual real users who voted "free" are at the moment 3. The rest are guest voters. Honesty is clearly not a trait you hold.

Re: Tax cuts are free

Originally Posted by obvious Child

lol. Nice going there turtledude. Logging out of the system and voting repetitively as a guest. Actual real users who voted "free" are at the moment 3. The rest are guest voters. Honesty is clearly not a trait you hold.

Prove it or apologize. I have been away from my house from 8.30 this morning to 10 minutes ago. YOu make accusations you cannot possibly prove

Re: Tax cuts are free

Originally Posted by earthworm

Of course they are not "free".
If our taxes, right now, are fair and equitable, and nothing is done to change anything, then this non-action is free.
Where I disagree with the conservatives is the concept of using tax cuts to stimulate our economy. This may work in the short term, but not in the long term.
What we should do are the things necessary for full employment.

fair and equitable? an opinion of someone who doesn't pay much taxes

those of us who do say the tax structure is blatantly unfair to those who shoulder too much of the load

Re: Tax cuts are free

Originally Posted by Gabriel

It isn't just turtledude that is complete denial of all this. It's like arguing with a brick wall. Cutting off a source of revenue costs money. The tiny percentage of employers in that top percentile who will pay more taxes have zero effect on the tax base. The tax cuts do not pay for themselves. Further the assumption is that while this minuscule group will not try and expand or employ more people because they pay a small portion of their wealth in taxes is poor logic at best.

I can see value in continuation of middleclass tax cuts somewhat. Obviously a couple thousand dollars in working class peoples pockets makes a difference in their ability to consume. I don't believe tax cuts are an appropriate way to go about stimulus personally but letting the Bush Tax cuts expire on the middle class in a time of recession isn't a good idea. Sometime in the future after the economy recovers taxation will have to come back. Deficit spending can be dealt with in good times .. not in bad times.

Arguments with turtledude usually end up in some variety of elitist insinuation where by all the unfortunate people deserve what they get and all the wealthy are victims of the parasitic state. What he does not acknowledge is the parasitic nature of the wealthy on society. Clearly if there is a "tapeworm" on American society you can find it on wall street financials and the banking industry.. not main street.

your definition of cost is faulty. If you have no money that doesn't mean you have costs. Its only if you spend do you have costs

Re: Tax cuts are free

Originally Posted by TurtleDude

your definition of cost is faulty. If you have no money that doesn't mean you have costs. Its only if you spend do you have costs

No, that would be your definition. You have constantly avoided my analogy proving that the forgone revenue results in a cost. Pretending peoples' posts who refute you don't exist does not show that your argument is strong.

Re: Tax cuts are free

Originally Posted by obvious Child

Prove it. Tell me, why is that virtually ALL of the "Free" votes are guest votes while most of the "no way" votes are actual, registered users?

I tire of your lies about me. Stop your silly accusations that you cannot prove. Your moronic poll is just that and I didn't vote in it. I am sure that the mods here have the ability to trace the IP addresses of those who voted and I am sure If I were lying one of them would be more than happy to point it out.